Replies to post #5727 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[winner06]

The other thing to keep in minbd is also looking at the financials they have less than 300K in cash, which does not reflect the sales of 3.3 Million, so in a nut shell I beleive they have sufficient cash on hand to cater for the outstanding orders OR with the cash buy out RM shares... which ever way its a win-win situation. Also with all the outstanding orders in hand close to 56 Million, For a second lets say they do not get any new orders, they are still in a very comfortable position for the next 3 quarters.. AVG APPROX. 5 Million per quarter...